Yeah I read it, but it is just Fibonacci/Elliot wave stuff."New...

Yeah I read it, but it is just Fibonacci/Elliot wave stuff.

"New Analysis Suggests a Parabolic Rise in Price of Gold to $4,380/ozt."

basicly what they are saying is if this is the bottom of the correction, then gold will enter it's fifth wave which is the most extreme.

Look at Bob Prechter, he has made mistake after mistake using elliot wave analysis.

gold is pulling the leveraged nitwits who bought in at 1900 out.

I am not expecting a quick bounce back in gold, I think where ever it bottoms, it will bounce around there for abit.

I am going to be spending my time looking to buy gold & silver bargains.